Education Services

Duolingo

Conference Minutes

DUOL

Below is Dolphin Research Trans for $Duolingo(DUOL.US) FY26Q1 earnings call. For our earnings take, see 'Duolingo: inching forward, Duo's turnaround won't be easy'.Core takeaways recap: full-year guidance unchanged. Bookings to grow approx. 10.5% (guide 10%-12%), revenue approx. 16.1% (guide 15%-18%)...

Fangdd Network

DUOL (Trans): Reset year; core KPI is +20% user growth

Financial Analysis

As the first quarter under the new strategy, and against muted expectations, $多邻国 (DUOL.US) delivered broadly in-line Q1 results. Management kept FY guidance cautious, seemingly to retain flexibility.This includes lowering Max pricing and anticipating AI costs to compress GPM, a trajectory not favored by subscription-focused investors. The stance runs counter to funds that prefer steady, premium subscription pricing.1) New strategy rolling out cautiously: The 2026 plan, repeatedly emphasized over the last two quarters, to sacrifice near-term monetization to restore healthy user growth is now being executed. Execution is paced deliberately...

MediaAlpha

DUOL: Inching Ahead, the Comeback Won't Be Easy

Today’s Key News Recap

HXXD

GOOG

GOOGL

01810

XIACY

81810

01024

81024

HKUD

PLTR

SHOP

INTC

04335

BYTED

AMZN

GGLS

GGLL

AMZU

0504 | Dolphin Research Focus: 🐬 Stock 1, $XIAOMI-W(01810.HK) jumped over 10% intraday after Xiaomi Auto delivered 30k units in Apr. (+50% MoM). Locked-in orders for the new SU7 topped 70k.Recovering deliveries and strong order intake validate market acceptance, supporting the full-year target of 550k vehicles. The strong share move also reflects a re-rating of the 'smartphone + AIoT + auto' strategy, lifting sentiment across the supply chain.Focus now shifts to the capacity ramp and execution on order fulfillment. Follow-through will depend on these milestones...

Xiaomi HK SDR 2to1

Alphabet - C

Alphabet

XIAOMI-W

Xiaomi Corporation

XIAOMI-WR

KUAISHOU-W

KUAISHOU-WR

Kuaishou HK SDR 5to1

Palantir Tech

Shopify 

Intel

INTEL-T

Taiwan Semiconductor

ByteDance

Amazon

Direxion Daily Googl Bear 1x Shares

Direxion Daily GOOGL Bull 2X Shares

Direxion Daily AMZN Bull 2X Shares

Xiaomi Auto data sparks rally; Doubao to launch new paid model | Daily News Recap

600130

BIRD

Below is Dolphin Research's Trans of $Duolingo(DUOL.US) FY25 Q4 earnings call. For the earnings analysis, cf. 'Duolingo: Guidance bomb again—has the green bird turned into Dead Duo?'I. Core highlights recap. 1) FY2026 guidance.Bookings +10%–12%. Revenue +15%–18%. Adj. EBITDA margin ~25%...

Allbirds

DUOL (Trans): Guidance intentionally conservative, but user concerns lead it to forgo near-term monetization.

---

$Duolingo(DUOL.US) reported Q4 FY2025 results after market close on Feb. 26 (ET), another guidance bomb.Specifically:1) Guidance collapsed — genuine weakness or sandbagging?Starting with guidance, management projects Q1 bookings growth of only 11%, with full-year growth at 10–12%.Versus 33% in 2025, this is clearly more than a natural slowdown.Meanwhile, EBITDA margin guidance is below expectations, even down 400bps vs. 2025...

Blue Owl Capital

DUOL: Guidance bombs again; is the Green Owl now 'Dead Duo'?

---

DUOL 4Q25 First Take: Another guidance shock, with the real damage in the outlook for 1Q26 and FY26. Both the growth metric of subscription billings and profitability on Adj. EBITDA came in well below the Street. Some houses had trimmed forecasts in early Feb, for example cutting subscription billings growth to 15% vs. Bloomberg consensus at 20%, and taking down the EBITDA margin. Even so, the actual guidance still missed. Management has historically guided conservatively. That pattern is well known. Q4 once again beat across most lines, except MAU, which missed. However, even ignoring consensus, the guidance itself looks soft and growth-light. (1) Slower growth: 2026 pivots to user expansion over near-term financials, targeting DAU up 20% (slightly above the Street) and mid-term DAU of 100 mn by 2028. Full-year billings growth is guided down to 10–12%. (2) Higher spend: ongoing investment in AI features, UA, and high-visibility brand marketing. 2026 GPM and Adj. EBITDA margin are guided to decline by 200–300bps and 400–500bps vs. 2025. Headcount expansion drives higher SBC in 1H, lifting dilution to 3–4%, before easing back to 2% in 2H. Refocusing on user growth is the right LT move, and decisive change is needed now. But investors, with a new CFO yet to build deep trust, dislike near-term earnings pressure and a hazy LT outlook. $Duolingo(DUOL.US)

NVDA

NFLX

CRWV

DELL

PARA

09888

89888

HBUD

BIDU

09988

89988

HBBD

BABA

VIPS

LKNCY

BA-A

0226 | Dolphin Research focus: 🐬 Stock 1, $Alibaba(BABA.US). Alibaba Cloud Bailian launched the 'Coding Plan', integrating APIs for four mainstream models — Qwen3.5, GLM-5, MiniMax M2.5 and Kimi K2.5 — making it the only cloud provider globally to offer this combo.Lite plan is priced at RMB 7.9 for the first month and RMB 40 for the second; Pro plan at RMB 39.9 for the first month and RMB 200 for the second, with free model switching. The aim is to lower AI coding barriers through aggressive pricing and full-stack model coverage...

Salesforce

NVIDIA

Warner Bros. Discovery

Netflix

Boeing

Coreweave

Dell Tech

Paramount Global

BIDU-SW

BIDU-SWR

Baidu HK SDR 10to1

Baidu

BABA-W

BABA-WR

Alibaba HK SDR 5to1

Alibaba

Vipshops

Luckin Coffee

Block

BOEING CO 6% DEP SHS RE 1/20TH PFD MAN CNV SR A

Alibaba Cloud rolls out dirt-cheap AI coding bundle; JD's 'Billion-yuan Supermarket' reignites subsidy rush | Daily News Recap

---

AAPL

TMUS

603020

SIRI

COIN

00100

02513

09999

NTES

09899

ABNB

AMAT

0212 | Dolphin Research Focus: 🐬 Macro/Industry 1) Doubao announced that its video-generation model Seedance 2.0 is now integrated into the Doubao app, desktop client, and web version. Users can create 5s/10s short videos from text prompts and produce clone-style videos, with upgrades to image quality, generation speed, and content fidelity. Leveraging ByteDance's ecosystem should accelerate user adoption and engagement, pushing AIGC toward mainstream, practical use...

Apple

T-Mobile US

Apple Group

Sirius XM

Coinbase

MINIMAX-W

KNOWLEDGE ATLAS

Meta Platforms

NTES-S

NetEase

NETEASE MUSIC

Airbnb

Applied Materials

LLMs race ahead as AI apps surge; Apple revamps Siri amid tech bottlenecks｜Daily News Recap

The following are the 3Q25 earnings call minutes of $Duolingo(DUOL.US) organized by Dolphin Research. For financial report interpretation, please refer to &#34;Duolingo: Weak Guidance + Uncertainty of Short-term Changes, the Green Bird Falls from the High Valuation Altar.&#34; I. Key Financial Indicators II. Management Report We achieved excellent results in the third quarter, with all indicators performing steadily. This year, we are expected to create outstanding results once again. Currently, more than 50 million people use Duolingo daily. We expect user registrations to reach nearly 1.2 billion this year, with a year-on-year growth rate of 33%...

Pro Ultr R Est

Duolingo (Minutes): Many future opportunities, actively focusing on DAU expansion

HIGH

$Duolingo(DUOL.US) released its third-quarter 2025 earnings after the market closed on November 5th, Eastern Time. Due to fourth-quarter guidance falling short of expectations (implying a significant slowdown in growth), the company simultaneously stated its intention to make new investments and product changes from a long-term perspective. The core focus shifted from more direct monetization and profit-related metrics (such as paid rate and EBITDA margin improvement pace) to user growth across the ecosystem (MAU, DAU), leading to market uncertainty regarding future monetization performance growth. Following Duolingo's earnings release, the stock price fell by over 20%...

C3.AI

Simplify Enhanced Income ETF

Duolingo: Weak Guidance + Uncertainty of Short-term Changes, Green Bird Falls from High Valuation Pedestal

Duolingo Chief Engineering Officer Natalie Glance Sells Approximately $596K in Stock

Pictet Significantly Reduces Holdings in Duolingo

Duolingo Reports Strong Q1 Earnings and Emphasizes AI Investment Strategy

Duolingo released FY2026 Q1 earnings on May 5 After-Market EST, actual revenue USD 291.97 M (forecast USD 288.7 M), actual EPS USD 0.89 (forecast USD 0.7109)

Morgan Stanley cuts Duolingo target price to $95

Duolingo Publishes Q1 2026 Shareholder Letter

Duolingo Adjusts Growth Outlook, Focusing on User Engagement and Product Improvements

Duolingo Expected to Report Q1 2026 Earnings Per Share of $0.77

Zacks Research Upgrades Duolingo's Rating to Hold

Duolingo to Release FY2026 Q1 Earnings on May 4 After-Market EST, Forecast Revenue USD 288.57 M, EPS USD 0.7555

Duolingo Reverses Its Out-of-Control Marketing Strategy

JPMorgan Downgrades Duolingo's Target Price to $92.00

Jefferies Downgrades Duolingo's Target Price to $95

Duolingo Adjusts Employee Performance Metrics, No Longer Emphasizes AI Usage

Duolingo Reports 35% Q4 Revenue Growth and User Data

Capital World Investors Reduced Duolingo Shares in Q3

Duolingo Director Shelton Purchases 5,000 Shares of Class A Common Stock

Ratings Downgrade by Brokers Causes Duolingo Stock to Fall in Pre-Market Trading

Duolingo Reports Strong Q4 and FY25, Plans to Broaden AI Practice Access

Scotiabank Downgrades Duolingo Rating and Price Target

InMed Pharmaceuticals

AMPLITECH GROUP INC. USD0.001 S/R 20/11/26 SER B

Amesite

CN Energy

AMPLITECH GROUP INC. COM USD0.001 (S/R 18/07/2026)

NextNRG

Meiwu Tech

Generation Income Properties

MetaVia

OceanPal

Duolingo (DUOL.US) Q1 2026 Earnings Conference Call

Duolingo (DUOL.US) Q4 2025 Earnings Conference Call

Duolingo (DUOL.US) Q2 2025 Earnings Conference Call

Duolingo (DUOL.US) Q4 2024 Earnings Conference Call

Duolingo (DUOL.US) Q3 2024 Earnings Conference Call

Duolingo is focusing on user growth through 2028, leading to a temporary slowdown in revenue and earnings. Despite concerns about AI disruption, the company is leveraging AI to enhance user engagement and streamline content creation. With a significant increase in daily active users and a strategy to convert free users to paid subscribers, Duolingo aims to double its user base and revenue by 2028, making its currently discounted stock an attractive buy.

nasdaq

NVIDIA Corporation

I Bought This Growth Stock When Everyone Else Was Selling, and It's Starting to Pay Off

Duolingo (NASDAQ: DUOL) shares rose 8.55% to $114.00 on Thursday, driven by strong Q1 results that exceeded revenue and EBITDA expectations. The company raised its 2026 adjusted EBITDA guidance but narrowed its revenue outlook. User growth showed mixed results, with DAU growth at 21.2% but MAU growth slowing to 5.8%. Analysts have a Hold rating on the stock, with an average price target of $139.38, though some have lowered their targets. The stock is currently above key short-term moving averages but remains below long-term averages, indicating a cautious outlook.

benzinga_article

JPMorgan Chase

Morgan Stanley

Evercore

NASDAQ-100

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

Duolingo Stock Is Climbing Thursday: What's Driving The Move?

Duolingo (DUOL) remains a buy despite a recent sell-off post-earnings. While there are concerns about slowing guidance and monetization trends, the company's growth and user engagement continue to be strong. The latest quarter indicates maturation rather than decline, and the stock's current valuation presents a buying opportunity. Overall, the outlook for Duolingo remains positive, supported by robust free cash flow and ongoing expansion in the language learning market.

Tip Ranks

Is Duolingo (DUOL) Still a Buy after the Q1 Selloff?

Pictet Asset Management Holding SA significantly reduced its stake in Duolingo, Inc. (NASDAQ:DUOL) by 91.4% in Q4, now holding 5,237 shares valued at $919,000. Other institutional investors, like the State of Michigan Retirement System and Quent Capital LLC, increased their stakes substantially. Duolingo's stock opened at $105.02, with a market cap of $4.93 billion. The company reported a Q1 EPS of $0.89, exceeding estimates, and revenue of $291.97 million, up 26.5% year-over-year. Insiders have also sold shares recently, indicating mixed sentiment among stakeholders.

Market Beat

Duolingo, Inc. $DUOL Shares Sold by Pictet Asset Management Holding SA

Duolingo(DUOL.US)

I Bought This Growth Stock When Everyone Else Was Selling, and It's Starting to Pay Off

Duolingo Stock Is Climbing Thursday: What's Driving The Move?

Is Duolingo (DUOL) Still a Buy after the Q1 Selloff?

Duolingo, Inc. $DUOL Shares Sold by Pictet Asset Management Holding SA

Duolingo or Adobe: Which is a Buy?

Duolingo Earnings Call: AI Bets, Growth And Margins

Duolingo stock sinks: Are weak user metrics the real concern?

Duolingo Posts Q1 Beat; Faces Softness In Monthly Active User Growth

Watch Intel, Duolingo, and More